Hassett, director of the White House National Economic Council; This is the best inflation report we have seen in the past six years; Energy prices have dropped significantly; Getting gas prices down to $3 a gallon is realistic
Hassett, director of the White House National Economic Council: This is the best inflation report we have seen in the past six years. Energy prices have dropped significantly. Getting gas prices down to $3 a gallon is realistic. The current price fluctuations are triggered by the situation in Iran. We see signs that Trump's policies are working in the CPI data. There is confidence that oil will flow out of the Gulf to stabilize the market. Core inflation momentum is moving closer to the Fed's target.